| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||
Net Income (Loss) Attributable to Parent | ||||||||||
326,500 | 332,200 | 31,400 | 32,200 | 7,987 | 25,343 | 44,273 | 66,836 | 62,492 | 41,245 | 60,179 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Stock-based compensation | ||||||||||
174,100 | 162,900 | 137,200 | 122,400 | 95,088 | 58,994 | 43,909 | 30,690 | 19,015 | 9,315 | 7,461 |
Amortization of deferred contract costs | ||||||||||
107,900 | 90,900 | 0 | 0 | - | - | - | - | - | - | - |
Depreciation and amortization | ||||||||||
61,600 | 55,700 | 55,500 | 48,500 | 31,589 | 22,028 | 15,623 | 11,564 | 6,989 | 5,696 | 5,935 |
Write-off of intangible assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | 2,387 |
Loss on disposal of fixed assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Amortization of investment premiums (discounts) | ||||||||||
6,000 | 600 | -2,500 | -4,800 | -7,457 | -8,703 | -11,634 | -12,962 | -12,515 | -7,349 | -836 |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | - | - | - | 2,974 | 12,069 | 19,829 | 5,781 | 1,574 |
Income tax benefit from release of valuation allowance | ||||||||||
- | - | - | - | - | - | - | - | - | - | 30,211 |
Other | ||||||||||
-5,700 | 900 | -3,800 | -2,600 | -3,391 | -4,140 | -961 | -881 | -22 | -14 | - |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable—net | ||||||||||
96,700 | 82,000 | 38,400 | 57,900 | 66,464 | 55,888 | 22,080 | 12,120 | 23,246 | 17,784 | 8,508 |
Inventory | ||||||||||
48,500 | 33,400 | -9,400 | 43,000 | 19,088 | 32,459 | 35,093 | 11,303 | 6,034 | 5,946 | 2,012 |
Prepaid expenses and other current assets | ||||||||||
2,100 | -4,200 | 6,700 | -2,600 | 2,630 | 16,000 | 907 | -791 | 2,915 | 3,685 | 190 |
Deferred contract costs | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | 1,063 |
Deferred tax assets | ||||||||||
-17,800 | 127,800 | -35,800 | 27,800 | 29,851 | -9,072 | 18,750 | 9,254 | 7,874 | 4,278 | 9,578 |
Other assets | ||||||||||
1,300 | 3,800 | 1,000 | 2,400 | -667 | 1,302 | -1,243 | -2,470 | -227 | -255 | 419 |
Accounts payable | ||||||||||
7,700 | 14,600 | 13,100 | 100 | -2,517 | 18,033 | 10,485 | 961 | 6,801 | 2,437 | 3,046 |
Accrued liabilities | ||||||||||
-1,400 | 14,500 | 14,400 | -3,200 | 883 | 7,120 | 3,602 | 2,171 | 1,765 | 2,363 | 2,157 |
Accrued payroll and compensation | ||||||||||
-2,700 | 3,500 | 12,600 | 15,700 | 11,301 | 10,835 | 6,013 | 4,599 | 4,773 | 5,465 | 630 |
Other liabilities | ||||||||||
-200 | -800 | -5,500 | -5,000 | 2,016 | 14,318 | -1,948 | -1,870 | - | - | - |
Deferred revenue | ||||||||||
446,700 | 352,100 | 300,800 | 243,000 | 222,346 | 127,416 | 68,871 | 68,292 | 42,177 | 50,701 | 30,313 |
Income taxes payable | ||||||||||
-18,800 | -6,000 | 29,500 | 13,100 | 20,372 | -3,771 | 22,522 | 28,265 | 35,964 | 16,017 | 2,582 |
Net cash provided by operating activities | ||||||||||
808,000 | 638,900 | 594,400 | 345,700 | 282,547 | 196,582 | 147,384 | 183,866 | 132,842 | 103,383 | 61,971 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||
Purchases of investments | ||||||||||
1,332,300 | 681,800 | 669,200 | 473,600 | 459,903 | 497,084 | 552,778 | 601,087 | 516,906 | 416,376 | 137,231 |
Sales of investments | ||||||||||
31,300 | 42,800 | 300,300 | 28,300 | 47,900 | 41,755 | 57,897 | 26,268 | 44,503 | 10,451 | 156,126 |
Maturities of investments | ||||||||||
925,500 | 578,800 | 427,400 | 460,500 | 486,419 | 458,193 | 369,659 | 415,440 | 311,824 | 125,929 | - |
Purchases of property and equipment | ||||||||||
92,200 | 53,000 | 135,300 | 67,200 | 37,358 | 32,197 | 13,877 | 22,083 | 3,624 | 3,776 | 4,589 |
Payments made in connection with business combination, net of cash acquired | ||||||||||
34,600 | 21,700 | 0 | 22,100 | 38,025 | 17 | 7,635 | 1,249 | 2,623 | 0 | 549 |
Change in restricted cash | ||||||||||
- | - | - | - | - | - | - | - | - | -62 | 0 |
Net cash provided by (used in) investing activities | ||||||||||
-502,300 | -134,900 | -76,800 | -74,100 | -967 | -29,350 | -146,734 | -182,711 | -166,826 | -283,710 | 13,757 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||
Proceeds from initial public offering | ||||||||||
- | - | - | - | - | - | - | - | - | - | 91,565 |
Offering costs paid in connection with initial public offering | ||||||||||
- | - | - | - | - | - | - | - | - | 872 | 3,305 |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | - | - | - | 2,974 | 12,069 | 19,829 | 5,781 | 1,574 |
Repurchase of convertible preferred shares | ||||||||||
- | - | - | - | - | - | - | - | - | - | 12,768 |
Repurchase and retirement of common stock | ||||||||||
145,100 | 211,800 | 446,300 | 110,800 | 60,000 | 43,977 | 33,529 | 0 | 0 | - | 2,995 |
Proceeds from issuance of common stock | ||||||||||
49,500 | 86,500 | 75,800 | 44,800 | 67,314 | 55,324 | 25,584 | 38,087 | 19,968 | 29,110 | 3,978 |
Taxes paid related to net share settlement of equity awards | ||||||||||
96,000 | 67,200 | 45,100 | 38,300 | 28,871 | 10,598 | 1,452 | 0 | 0 | - | - |
Payments of debt assumed in connection with business combinations | ||||||||||
3,700 | 10,100 | 0 | 1,600 | 0 | 0 | - | - | - | - | - |
Other | ||||||||||
-300 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||
-195,600 | -202,600 | -415,600 | -105,900 | -21,557 | 749 | -6,423 | 50,156 | 39,797 | 34,019 | 78,049 |
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS | ||||||||||
- | - | - | - | - | -600 | -1,329 | -326 | -682 | 709 | 2,110 |
NET INCREASE IN CASH AND CASH EQUIVALENTS | ||||||||||
110,100 | 301,400 | 102,000 | 165,700 | 260,023 | 167,381 | -7,102 | 50,985 | 5,131 | -145,599 | 155,887 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||||||||||
Cash paid for income taxes—net | ||||||||||
58,700 | 41,400 | 32,200 | 26,600 | 18,893 | 40,551 | 25,445 | 17,088 | -305 | 2,483 | 4,746 |
Operating lease liabilities arising from obtaining right-of-use assets | ||||||||||
20,400 | - | - | - | - | - | - | - | - | - | - |
Finance lease liabilities arising from obtaining right-of-use assets | ||||||||||
3,600 | - | - | - | - | - | - | - | - | - | - |
Cash paid to settle liability incurred for repurchase of common stock | ||||||||||
4,200 | 0 | 0 | - | - | - | - | - | - | - | - |
NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||||||
Transfers of evaluation units from inventory to property and equipment | ||||||||||
21,100 | 21,600 | 21,000 | 21,100 | 17,395 | 12,733 | 8,303 | - | - | - | - |
Liability for purchase of property and equipment and asset retirement obligations | ||||||||||
16,000 | 8,300 | 8,100 | 8,200 | 9,870 | 3,275 | 4,253 | 398 | 440 | 135 | 849 |
Liability incurred for repurchase of common stock | ||||||||||
0 | 4,200 | 0 | 0 | - | - | 5,420 | 0 | 0 | - | - |
Liability incurred in connection with business combination | ||||||||||
3,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Equity awards assumed in connection with business acquisition | ||||||||||
- | - | - | - | 471 | 0 | 0 | - | - | - | - |
Liability incurred in connection with business acquisition | ||||||||||
- | - | - | - | - | - | 100 | 201 | 0 | 0 | - |